Olive is 30 years old, married, and has one child aged two. Her husband works as a charcoal seller. Olive is the group leader of a borrowing group known as Tujijuke in Kinyarwanda, which means “Be literate” in English. This group is composed of sixteen members who have different businesses. Olive sells sodas and local beer and has been doing this business for three years. Olive will use the loan to purchase beans, sorghum and drinks. With the new profits from her expanded business, Olive plans to buy goats for raising and to buy cattle in the future.

Additional Information

About Urwego Opportunity Bank of Rwanda (UOB)

Urwego Opportunity Bank (UOB) is a Rwandan bank specializing in microfinance. It offers credit products to individuals and groups interested in starting or expanding their businesses. It also offers training in business development, financial literacy and health management. Given that approximately 90% of the Rwandan population is directly or indirectly related to the agricultural sector, Kiva lenders’ funds will be used to support UOB’s agricultural loan products, which are vital to the clients living in remote areas.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.